Overview
What is Mexican American Opportunity Foundation?
The Mexican American Opportunity Foundation is a California-based nonprofit organization located at 401 North Garfield Avenue in Montebello, California, with a workforce of 872 employees. Their primary goal is to uplift the socioeconomic conditions of the larger Latino community in California while safeguarding Mexican American traditions and values. They offer various CalWORKs and Alternative Payment Programs, funded by the California Department of Social Services, to low-income families. These programs cater to CalWORKs recipients, including those on or off cash aid, who are working, seeking employment, attending school, or participating in a GAIN-approved program. The children in these families, under the age of 13, are eligible for the subsidized programs. In the 2021-22 fiscal year, a total of 4,765 children were served.
Official website here: www.maof.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Mexican American Opportunity Foundation has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. Its score is solely based on its Accountability & Finance metrics, which stand at 81%. This rating reflects the organization's strong governance practices, including a fully independent board and robust audit mechanisms.
The foundation demonstrates commendable financial practices, with an impressive program expense ratio of 94.65%, ensuring that a significant portion of its funds directly supports its mission. Moreover, it has established effective policies regarding conflict of interest, whistleblowing, and document retention, further showcasing its commitment to transparency and ethical standards.
Some limitations in the data include the absence of broader performance metrics that consider impact or outcomes, which could provide a more comprehensive view of the organization's effectiveness. Nonetheless, the financial stability and governance structure suggest that it operates with a high level of integrity and responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is Mexican American Opportunity Foundation legitimate?
Mexican American Opportunity Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mexican American Opportunity Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $916,760
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,431,265
For more financial information, click here
Official website here: www.maof.org
What is the mission statement of Mexican American Opportunity Foundation?
The Mexican American Opportunity Foundation works towards enhancing the socioeconomic status of the larger Latino community in California while preserving the Mexican American culture's pride and values. The foundation's mission is geared towards improving the lives of Latinos in the state. They provide various programs, funded by the California Department of Social Services, to low-income families, enabling them to afford child care services. These programs cater to CalWORKs recipients who are either on or off cash aid, seeking employment, attending school, or participating in a GAIN approved program. Eligible families may have their child care costs partially or fully covered through subsidized Federal and State Block Grants. In the 2021-22 fiscal year, 4,765 children benefited from these programs.
Official website here: www.maof.org
Who is the CEO of Mexican American Opportunity Foundation?
Ciriaco Pinedo is the Former Pres/Ceo of Mexican American Opportunity Foundation. The CEO's salary of Mexican American Opportunity Foundation is $220,000 and their total compensation is $245,281.
Official website here: www.maof.org
What is the revenue of Mexican American Opportunity Foundation?
Mexican American Opportunity Foundation's revenue in 2022 was $116,746,962.
Official website here: www.maof.org
Who are the executives of Mexican American Opportunity Foundation and what are their salaries?
The average compensation at Mexican American Opportunity Foundation during 2022 was $42,830. There are 872 employees and 1000 volunteers at Mexican American Opportunity Foundation.
Here are 27 key members and their salaries (Mexican American Opportunity Foundation's CEO's salary is $220,000 and their total compensation is $245,281):
- Compensation: $220,000
- Related: $0
- Other: $25,281
- Compensation: $209,826
- Related: $0
- Other: $24,204
- Compensation: $215,497
- Related: $0
- Other: $17,858
- Compensation: $156,034
- Related: $0
- Other: $14,093
- Compensation: $145,392
- Related: $0
- Other: $9,062
- Compensation: $123,394
- Related: $0
- Other: $17,648
- Compensation: $117,085
- Related: $0
- Other: $17,060
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Official website here: www.maof.org
Where can I find the form 990 for Mexican American Opportunity Foundation?
Mexican American Opportunity Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.maof.org
Learn more at the official website: www.maof.org
Mission Statement of Mexican American Opportunity Foundation
The Mexican American Opportunity Foundation, or MAOF, is a nonprofit organization dedicated to enhancing the socioeconomic status of California's larger Latino community while preserving the cultural pride and values unique to Mexican Americans. In pursuing this mission, MAOF offers various programs funded by the California Department of Social Services, including CalWORKs and Alternative Payment Programs. These programs cater to low-income families and help cover childcare costs for eligible parents who are either on or off cash aid, working, seeking employment, attending school, or enrolled in a GAIN-approved program. The accepted children in these programs must be under the age of 13 and meet specific eligibility requirements. In the 2021-22 fiscal year, MAOF served a total of 4,765 children through these subsidized Federal and State Block Grant programs. By providing essential support to families in need, MAOF plays a significant role in uplifting the socioeconomic conditions of the Latino community while upholding the cherished traditions and values of Mexican American culture.
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Impact
October, 2024
The Mexican American Opportunity Foundation significantly impacts the socioeconomic landscape of the greater Latino community in California by providing critical support to low-income families. Through its CalWORKs and Alternative Payment Programs, the foundation facilitates access to essential child care services for eligible families, ensuring that children under the age of 13 can receive quality care while their parents work, seek employment, or pursue education.
In the fiscal year 2021-22 alone, the foundation served 4,765 children, demonstrating its vital role in supporting working families and fostering an environment where they can thrive. By alleviating the financial burdens associated with child care, the foundation empowers parents to focus on improving their employment prospects and overall quality of life. Additionally, its commitment to preserving the pride, values, and heritage of the Mexican American culture enriches the community's fabric while promoting a sense of belonging and identity among its members. Through these efforts, the foundation champions economic opportunities and social equity for one of California's most vibrant communities.
This information is meant to be a general summary of Mexican American Opportunity Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $21,728
- Program Service Revenue: $50,836
- Gross Receipts: $116,836,284
Assets and Liabilities:
- Total Assets: $36,687,273
- Total Liabilities: $20,852,837
- Net Assets: $15,834,436
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Parent Fees
Revenue
$50,836
Organization Details
Founding Year
1963
Phone
(323) 890-9600Principal Officer
Ciriaco Pinedo
Main Address
401 North Garfield Avenue, Montebello, CA, 90640
Website
www.maof.orgNTEE Category
Code: J220 - Employment
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